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Established Fish And Chip Shop In Leicester For Sale

Leicester, Leicestershire
Asking Price:
£72,500 Furniture / Fixtures included
Sales Revenue:
£150,000
Cash Flow:
Available on request

Veritas Business sales are delighted to offer for sale this respected and well established traditional Fish & Chip shop concern. The business has been established since 1982 and has been in the careful hands of the current owner for the last 14 years and is reluctantly being offered for sale because he now wishes to relocate. Since ownership he has continually invested in new equipment, along with fixtures and fittings which are all bought and paid for and included within the sale price which means that any new purchaser will not need to spend any additional funds for some time. The business is currently owner operated, requires only 1 part time helper and has an average weekly turnover of £3,000. They serve mainly your traditional items such as fish & chips, pies, pasties, saveloy’s but also offer burgers & kebabs. We believe there is further potential to increase trade by opening longer hours, opening on Sundays and maybe doing meal deals. The shop is also closed for 2 weeks in July and 2 weeks at Christmas so any new purchaser could continue to trade all year. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade, along with plenty of passing trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this opportunity is not to be missed. 

Property information

Property:

Leasehold

Lease Terms:

Original term: 15 years
Remaining : 9 years
Reviewed: 5 yearly
Rent: £17,000 pa
Rates: £ 2,200

Leasehold Rent:

£17,000 per annum

Living Accommodation:

4 bedrooms can be sub-let for £14k per annum

Location:

This outstanding concern is located in a prime and prominent location in the heart of Leicester town centre. It’s close to the railway station and ensures high levels of footfall and repeat business.

Premises Details:

Ground Floor

Retail comprising: seating for (12), serve over sales counter with 2 pan range (Preston & Thomas) and 2 chip boxes, drinks fridge, work surface, kebab rack, griddle, grill, extractor, microwave, 4 pot wet bain-marie, 2 pot wet bain-marie, serve over chilled counter and double door fridge.
Kitchen area comprising: stainless steel double sink drainer, wash basin, stainless steel work surface and a 4 ring gas hob.
Potato chipping room comprising: rumbler, chipper, 1 large potato soak tub, 2 small soak tubs, chest freezer and potato storage area.
W/C and wash basin with boiler stores

Cellar

1 store room below ground

First floor

Shared fully fitted kitchen
Double bedroom (rented out for £70 pw)

Second Floor

Single bedroom (rented out for £60 pw)
Double bedroom (rented out for £70 pw)
Double bedroom (rented out for £70 pw)
Shared shower cubicle, w/c and wash basin

The 4 rooms above when fully let generate approximately £14k pa rental income. The property benefit from gas central heating

Business Operation

Expansion Potential:

Scope for longer hours
Can open Sundays
Currently do no offers

Reasons for selling:

Relocation

Trading hours:

Monday – Saturday – 11.30am – 11.00pm

Employees:
1 part time
Years established:
34 years

Other Information

Inventory / Stock value:
£1,000

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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